In 2018, Morley, a single taxpayer, had an AGI of $30,000 before considering the following items: Loss from damage to rental property ($6,000) Loss from theft of bonds (3,000) Personal casualty gain 4,000 Personal casualty loss (after $100 floor) (9,000) The personal casualties occurred in a Federally-declared disaster area. Determine the amount of Morley's itemized deduction from the losses.
(A) $2,900
(B) $5,600
(C) $5,120
(D) $0
(E) None of these choices are correct.
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